2. Identify the odd one out from the following benefits of RTGS.
(a) Settlement is immediate
(b) Suited for only lower value transactions
(c) Lowers the settlement risk
(d) Avoids credit risk while settlement
(e) Settled at real time

3. Who all can hire a locker in a bank?
(a) Individuals
(b) Limited companies and societies
(c) Specified associations
(d) Two persons jointly
(e) All the above

1) Which of the following bank during July 2015 became the first in the country to launch the MUDRA Card, under the Pradhan Mantri MUDRA Yojana (PMMY) scheme?
a) State Bank of India
b) Bank of India
c) Corporation Bank
d) Indian Bank

2) Asian Infrastructure Investment Bank (AIIB), the new multilateral international financial institution which started its operations recently, has its headquarters in which city?
a) Beijing
b) Shanghai
c) Manila
d) Mumbai

3) Banks of which one of the following countries went to banking holiday during June-July 2015?
a) Cyprus
b) Turkey
c) Spain
d) Greece

4) Which African country is going through the process of de-monetization of its currency due to hyper-inflation as high as 500 billion per cent in the recent times?
a) Burundi
b) Zimbabwe
c) Ethiopia
d) Somalia

1. If the stock markets are declining then it is called as ___________.(a) Bull run(b) Down run(c) Bear run(d) Stage(e) None of these

2. A promissory note that is not secured by any collateral or not secured by a mortgage or lien marked on any property is ___________instrument.(a) Debenture(b) Bill of exchange(c) Commercial bill(d) Currency bill(e) None of these

3. What does RBI do if a Re.1 note is issued by Government of India?(a) RBI object the issuance(b) RBI put into circulation(c) RBI converts Re.1 in to higher denomination of Rs.10 and more.(d) RBI asks banks to not to support for circulation(e) None of these

4. RBI issue currency rupee notes on bases of ___________.(a) By holding minimum value of gold coins and bullion(b) By holding minimum foreign securities as a part of the total approved assets(c) By holding minimum amount of commodities which are trading in commodity exchanges(d) Only a and b(e) All the above

5. Which of the following entities are applicable for the new listing obligations and disclosure requirements of SEBI regulations, 2014?(a) Listing of debentures(b) Listing of bonds(c) All listed companies(d) All the above(e) None of these

6. National Payments Corporation of India (NPCI) is being used by banks for ___________.(a) Remittance(b) Clearing and settlement(c) Payments and settlements(d) Advisory service(e) None of these

7. NOSTRO account means ___________.(a) An account opened by foreign citizens other than NRIs in India with Indian banks in INR for their expenses in India.(b) An account opened by foreign citizens other than NRIs in India with foreign banks in foreign currency to convert Indian rupee to that currency and remit back to their own country.(c) An account opened by an Indian bank in the foreign countries in their banks and in that country currency for settlement in that country's currency.(d) An account opened by a foreign bank in India with their corresponding banks in INR for settlements in INR.(e) None of these

8. What kind of Treasury Bills (T-Bills) is/ are issued by State Government?(a) No Treasury Bills issued by State Government(b) 182 - days(c) 91 - days(d) 364 - days(e) None of these

4. RBI uses bank rate in order to control ___________.
(a) Money supply, volume of bank credit and cost of bank credit.
(b) Liquidity
(c) Cash holdings of banks
(d) Financial position of banks
(e) None of these

5. What are the steps taken by RBI, in order to meet demand and time liabilities of banks in time?
(a) Banks are asked to keep mandatory regulatory cash reserve with RBI
(b) Banks are asked to maintain CRR
(c) Both a and b as they are same
(d) Banks are asked to keep enough cash in cash counters
(e) None of these

6. India's own payment gate way 'RuPay' works in which of the following channel/s?
(a) Automated Teller Machines
(b) Point of Sales
(c) Online Sales
(d) All of the Above
(e) None of these

7. Monetary policy is used by RBI for controlling ___________.
(a) Inflation or deflation
(b) Exports or imports
(c) Indian rupee or foreign currency
(d) State or Central Government
(e) None of these

8. Identify the difference between commercial paper and certificate of deposit ___________.
(a) Certificate of deposit is issued at discount while commercial paper at face value
(b) Certificate of deposit is a financial instrument while commercial paper is a financial statement
(c) Certificate of deposit is issued by banks while commercial paper is issued by firms or public limited companies
(d) All the above
(e) None of these

9. When does money market is called as 'Tight'?
(a) When the call money rate is low
(b) When the call money rate is high
(c) When money availability in the market is very high
(d) When participants in the money market are ready to lend
(e) None of these

10. If a bank needs to attract Provident Fund Deposits, what are the criteria that banks must possess?
(a) Profitability in preceding 3 years
(b) Minimum of Rs.200 crores as net worth
(c) Capital adequacy of 9%
(d) All the above
(e) None of these

Q 1. The basic functions of the bank are?
(a) Acceptance of Deposits from the public
(b) Lending or investing the funds so collected from the customers
(c) Lending to customers
(d) (a) and (b)
(e) (a) and (c)

Q 5. The effect of a valid nomination is that?
(a) on death of the sole depositor /all depositors, the amount will be returned to the nominee after further legal formality.
(b) on death of the sole depositor, the amount will be returned to the nominee
(c) on death of the sole depositor / all depositors, the amount will be returned to the nominee without any further legal formality.
(d) None
(e) (a), (b) and (c)

Q 6. Fixed deposits cannot be
(a) Renewed for a further period on maturity date
(b) Transferred to third parties
(c) Pre-paid before the maturity date
(d) Only a&c
(e) Any of the above

Q 9. When the bank lends money to the customer, the relationship, of the customer and banker is___.
(a) Creditor and Debtor,
(b) Debtor and Creditor
(c) Principle - Agent
(d) Either a or b
(e) None of these

Q 10. Debt refers to?
(a) Outstanding Loan Balance
(b) Present and future dues from customer of any nature say locker rent
(c) a sum of money owed by one person or entity(debtor) to an-other person or entity (creditor)
(d) a sum of money owed by one person or entity (Creditor) to another person or entity (Debtor)
(e) None of these

Q 11. Know Your Customer (KYC) guidelines expect banks to?
(a) know the educational details of the customer
(b) know the family details of the customer
(c) know the locational details of the customer
(d) know the financial details of the customer
(e) None of these

1) The objective of which company is to identify port led development projects under Sagarmala?
a. Sagarmala Port Trust Authority
b. Jawaharlal Nehru Port Trust Authority
c. Sagarmala Development Company
d. None of the above

2) Who was Gaya Prasad Katiyar?
a. Social activist
b. Freedom fighter
c. Industrialist
d. Both a and b

3) US based scientists have discovered a bio-battery on a single sheet of?
a. Metal
b. Paper
c. Chrome
d. Plastic

4) Ratansiri Wickremanayake was the PM in which government?
a. Mahinda Rajapakasa
b. Chandrika Kumaratunga
c. Both of the above
d. Neither of the above

5) India's first DigiDhan Mela was held in which state?
a. Punjab
b. Delhi
c. Haryana
d. None of the above

6) How many cheetah can be found in the world, according to a study which says they are endangered?
a. 7,000
b. 7,100
c. 7,200
d. 7,300

7) Scientists have used diamonds to assemble electrical wires ______ wide?
a. Three atoms
b. Four atoms
c. Five atoms
d. Six atoms

a) District Industries Centre and Government College
b) Department of Insurance in Central Govt. Company
c) Deposit Insurance and Credit Guarantee Corporation
d) Deputy Inspector & Commissioner General for Commodities Trading

3. What is an Indian Depository Receipt?
(1) A deposit account with a Public Sector Bank
(2) A depository account with any of depositories
(3) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company
(4) An instrument in the form of deposit receipt issued by Indian depositories
(5) None of these

4. Land Development Banks form a part of the?
(1) Commercial Banks
(2) Industrial Development Bank of India
(3) Food Corporation of India
(4) Cooperative Credit Structure
(5) None of these

5. Which of the following cannot be called as a value Added Service offered by bank?
(1) Special Accounts for poor sections of society
(2) Accident Insurance Cover
(3) Instant credit of outstations cheques
(4) free cheque books
(5) All of these

6. The minimum number of women required for formation of women groups under Development of women and children in Rural Areas Programme is?
(1) 20
(2) 15
(3) 10
(4) 05
(5) None of these

7. What is the full form of 'FINO', a term we see frequently in financial newspapers?
(1) Financial Investment Network and Operations
(2) Farmer's Investment in National Organization
(3) Farmers Inclusion News and Operations
(4) Financial Inclusion Network and Operations
(5) None of these

8. With an aim to provide better services to the debit card holders, the Reserve Bank of India (RBI) has directed all commercial and public sector banks to introduce new Automated Teller Machines (ATM) that can deliver lower denomination notes such as?
(1) Rs 10
(2) 20
(3) 50
(4) None of the above
(5) All the above

9. Which of the following banks is limited to the needs of agriculture and rural finance?
(1) RBI
(2) SBI
(3) IFC
(4) NABARD
(5) Axis Bank

10. Open-market operations of Reserve Bank of India refer to?
(1) Trading in securities
(2) Auctioning
(3) Transaction in gold
(4) All of these
(5) None of these

11. Which of the following has introduced a new tool named Data Warehousing and Business Intelligence System for speedy analysis of data and identification of violations?
(1) IRDA
(2) SBI
(3) RBI
(4) TRAI
(5) None of these

13. Which of the following is NOT part of the scheduled banking structure in india?
(1) Money Lenders
(2) Public Sector Banks
(3) Private Sector Banks
(4) Regional Rural Banks
(5) State Cooperative Banks

2. 'Subprime lending' is a term applied to the loans made to ___________________________.

a) Those borrowers who do not have a good credit history
b) Those borrowers who have a good credit history
c) Those borrowers who do not have a good debit history
d) Those borrowers who have a good debit history

3. Which among the following is the act of taking on a risk for a fee?

1 Full form (abbreviations) for term 'STRIPS'?
(a) Separate Trading of Registered Interest and Principle of Securities
(b) Separate Trading of Regulating Interest and Principle of Securities
(c) Special Trading of Registered Interest and Principle of Securities
(d) Separate Trading of Regulating Interest and Principle of Securities
(e) None of these

2 The Government of India is planning to revive which of the following types of banks by infusing fresh capital? (A good number of these banks are having a negative net worth and need recapitalization).
(a) Public Sector Banks
(b) Private Sector Banks
(c) Regional Rural Banks
(d) Developmental Institutes who have converted themselves into Banks
(e) None of these

3 What does LMS stand for in e-learning?
(a) Learning Management System
(b) Life Management System
(c) Learning Management Software
(d) Liquidity Management Service
(e) None of the above

4 A banknote is also known as a ___________.
(a) Bill
(b) Paper money
(c) Simply a note
(d) financial obligation
(e) Both a,b and c

5 First Indian bank to open a branch outside India is_______.
(a) Bank of India
(b) Canara Bank
(c) Punjab National Bank
(d) State Bank of India
(e) UCO Bank

6 The first bank purely managed by Indian was Punjab National Bank. PNB was established in Lahore in________.
(a) 1810
(b) 1836
(c) 1895
(d) 1910
(e) 1936

9 What is the full form of FINO?
(a) Financial Investment Network and Operations
(b) Financial Inclusion Network and Operations
(c) Farmers' Investment in National Organization
(d) Farmers' Inclusion News and Operations
(e) None of the above

2. UNICEF stand for United Nations Children's Fund and a Nonprofit organization Its headquartered situated in______________?

(1) Japan

(2) USA

(3) New York

(4) New Delhi

(5) Mumbai

3. City Union Bank Headquarter situated in______________?

(1) Tamil Nadu

(2) Maharashtra

(3) Asam

(4) New Delhi

(5) Mumbai

4. To promote the concept of charity towards the poor and the needy, the Indian government has been regularly encouraging people to donate and this donation can also be claimed as a deduction under___________?

(1) Section 80F

(2) Section 80G

(3) Section 81F

(4) Section 81G

(5) Section 80

5. In Insurance, The insured receives a contract, called the__________.